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Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 132. (Read 685176 times)

legendary
Activity: 2940
Merit: 1090
How is it that it does not have a GUI? I see a bitcoin-qt.pro file in the toplevel directory, did they do something to break the ability to compile the -qt version? Normally if the daemon works the GUI does too as its mostly just a pretty front end onto the same code...

-MarkM-
legendary
Activity: 980
Merit: 1000
I think what's very vital for this coin to become more widely mined is a wallet. I'm not a coder but is there any way a wallet can be made using the bitcoin wallet code, just altered like the litecoin wallet?
hero member
Activity: 560
Merit: 500
I find this coin to be interesting to say the least. I have a stupid question, where do I get my wallet address ? I'm mining at NothinG's pool and want to add it to my profile. Thanks in advance.
This coin unfortunately doesn't have a GUI, but you can use the Console.
legendary
Activity: 980
Merit: 1000
I find this coin to be interesting to say the least. I have a stupid question, where do I get my wallet address ? I'm mining at NothinG's pool and want to add it to my profile. Thanks in advance.
legendary
Activity: 1713
Merit: 1029
Perhaps I'm looking at this wrong, but it seems as if Proof-Of-Stake combined with Proof-Of-Work will do some very interesting things for big pools, allowing big pools to give over 100% PPS based on stake earnings too, or earnings based on the coins left in a person's account until they withdraw, or something of the like. From what I understand, when proof-of-stake begins to be implemented, people with many coins will get more coins based off of their stake or holding, which would seem to have an adverse (not necessarily good or bad, just big) effect on the functioning of pools and payout schemes.

Very interested...
As far as my pool would be concerned, I would use what I could from that interest in either/or of the following:
- Spend the earnings on sending out auto-payout for users who'd like to use that feature (no, it's not coded yet).
- Giving the user's who find blocks some extra credits.


Awesome Cheesy Yeah, I see a lot of potential pool competition for the best or coolest reward schemes for using the Proof-of-Stake coins. Smiley
hero member
Activity: 560
Merit: 500
Perhaps I'm looking at this wrong, but it seems as if Proof-Of-Stake combined with Proof-Of-Work will do some very interesting things for big pools, allowing big pools to give over 100% PPS based on stake earnings too, or earnings based on the coins left in a person's account until they withdraw, or something of the like. From what I understand, when proof-of-stake begins to be implemented, people with many coins will get more coins based off of their stake or holding, which would seem to have an adverse (not necessarily good or bad, just big) effect on the functioning of pools and payout schemes.

Very interested...
As far as my pool would be concerned, I would use what I could from that interest in either/or of the following:
- Spend the earnings on sending out auto-payout for users who'd like to use that feature (no, it's not coded yet).
- Giving the user's who find blocks some extra credits.
legendary
Activity: 1713
Merit: 1029
Perhaps I'm looking at this wrong, but it seems as if Proof-Of-Stake combined with Proof-Of-Work will do some very interesting things for big pools, allowing big pools to give over 100% PPS based on stake earnings too, or earnings based on the coins left in a person's account until they withdraw, or something of the like. From what I understand, when proof-of-stake begins to be implemented, people with many coins will get more coins based off of their stake or holding, which would seem to have an adverse (not necessarily good or bad, just big) effect on the functioning of pools and payout schemes.

Very interested...
legendary
Activity: 1205
Merit: 1010
How would I go about setting up my coins to do the "30 day stake"?

No need to set up anything. The stake minter is active always and will mint proof-of-stake blocks automatically for you. See our wiki FAQ for more explanations.
legendary
Activity: 1205
Merit: 1010
To clarify, there will be no block chain restart for v0.2 release. All your wallet/coins remain valid.
v0.2 upgrade would require redownload of block chain though. This operation requires a backup of current wallet (ppcoind backupwallet ), shutting down ppcoind and removing all files in wallet directory except for the wallet.dat and ppcoin.conf files. After upgrade all your coins and transactions should remain valid and just the same as before the upgrade.

As we promised before, we will do our best to avoid block chain restart. If severe flaws are discovered and such actions are considered, we would notify and consult with the community first. Generally speaking, if a block chain impacting issue is found and some existing blocks must be declared invalid, a partial block chain rollback is always preferred over full block chain restart to reduce damage to our users. But in any case, we will try to avoid these type of scenario to the best of our abilities.

Best Regards,
hero member
Activity: 560
Merit: 500
How would I go about setting up my coins to do the "30 day stake"?
donator
Activity: 1731
Merit: 1008
Update:

Public testnet would be available with the release of v0.2, mostly likely due by this weekend depending on the progress of testing.

Once testnet is available, you can play on it to see how proof-of-stake work as testnet has 1 day minimum stake age requirement instead of 30 days on the ppcoin network.


If this change is beneficial can it be implemented in the v0.1 chain without a reboot ?
legendary
Activity: 1205
Merit: 1010
Update:

Public testnet would be available with the release of v0.2, mostly likely due by this weekend depending on the progress of testing.

Once testnet is available, you can play on it to see how proof-of-stake work as testnet has 1 day minimum stake age requirement instead of 30 days on the ppcoin network.
hero member
Activity: 560
Merit: 500
I've added a section here http://ppcointalk.org/index.php?q=forum/10 where people can make offers to buy and sell PPCoins.

I am looking into setting up an exchange also Smiley
Might want to hurry Wink
I was planning on setting one up once I got the pool a bit more stable.
legendary
Activity: 1420
Merit: 1010
I've added a section here http://ppcointalk.org/index.php?q=forum/10 where people can make offers to buy and sell PPCoins.

I am looking into setting up an exchange also Smiley
hero member
Activity: 686
Merit: 500
Wat
Are there any exchanges? i want to exchange all my BTC to PPC, with this new bitcoin replacement bitcoin seems of the long past and has no future.

Quoted for hilarity in the future.


You won't be laughing when you are forced to sell 10 of your scam-coins for 1 ppc to avoid shame and humiliation.  Cool

Is ppcoin ready for bitcoins collapse?  Cheesy
legendary
Activity: 1736
Merit: 1006
Are there any exchanges? i want to exchange all my BTC to PPC, with this new bitcoin replacement bitcoin seems of the long past and has no future.

Quoted for hilarity in the future.


You won't be laughing when you are forced to sell 10 of your scam-coins for 1 ppc to avoid shame and humiliation.  Cool
legendary
Activity: 1736
Merit: 1006
I observed a small difficulty drop today. I suppose some miners dropped out because of the difficulty.
donator
Activity: 994
Merit: 1000
Are there any exchanges? i want to exchange all my BTC to PPC, with this new bitcoin replacement bitcoin seems of the long past and has no future.

I doubt it. But if you want to get rid of your BTC for PPC send me a PM including an offer. Wink
legendary
Activity: 1937
Merit: 1001
Are there any exchanges? i want to exchange all my BTC to PPC, with this new bitcoin replacement bitcoin seems of the long past and has no future.
legendary
Activity: 1205
Merit: 1010
Weekly Update #1

  • PPCoin has sailed through our first week with aplomb. There is a small annoyance where users see quite a bit exception messages in debug log about tx messages, and is linked to Bitcoin transactions somehow broadcasted on our network. We are currently investigating a network protocol upgrade for v0.2 to solve this problem. Block chain and user transactions have been working normally throughout the week and not affected by this annoyance.
  • In v0.2 a main chain protocol upgrade is expected as I described in https://bitcointalksearch.org/topic/ppc-ppcoin-02-proposal-102342. The code of this has been done, as well as some other improvements. This protocol switch is important and will help us achieve the goal of decentralization in the future. I am also working on setting up public test network. Over next week v0.2 code would go through testing and be prepared for release.
  • I didn't expect that within the first week both a mining pool (NothinG) and a forum website (FuzzyBear) were set up with the ppcoin network. Kudos to our ardent and productive supporters and I believe our still small community has great prospects.
  • While the proof-of-stake blocks are still not due for another 3 weeks, our users should have already observed our difficulty adjustment is continuous. In principle it isn't that much different from Bitcoin, standard averaging techniques are used to achieve constant adjustment. This design helped a lot during our first 3 days, where difficulty climbed from an initial 256 to over 3000. The constant adjustment of difficulty also helps with protecting the kernel, but this is probably a bit premature to be discussed right now.
  • First week total mintage is 3~4 million coins. We thank our supporters for contributing resources to help the network get started. I am an entrepreneurial type as well as an architect/techie, and I understand taking risks deserves matching reward. The mint curve is quite fair in my opinion, as everyone has free choice to participate in the early stages.

Have fun and next week!
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